NEW YORK (TheStreet) -- Barclays lowered its price target on SeaWorldEntertainment (SEAS) - Get Report stock to $18 from $19 on Friday. The firm maintained its "underweight" rating on the stock.

The Orlando-based theme park and entertainment company remains a "work in progress," Barclays said.

SeaWorld has struggled with declining attendance after the 2013 documentary "Blackfish," which criticized the company's treatment of its killer whales.

Additionally, SeaWorld's 2015 fourth quarter results showed a decline in year-over-year EBITDA margins due to administrative spending on reputation initiatives, the firm said.

"Improving the competitive positioning of its parks and reputation as well as getting the pricing model right are primary near term goals for the company," Barclays added. "Reducing costs and increasing flow through are also a focus."

SeaWorld stock is up by 0.39% to $18.08 in early-morning trading on Friday.

Separately, TheStreet Ratings has set a "hold" rating and a score of C- on SeaWorld Entertainment stock. The primary factors that have impacted the rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks.

The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and expanding profit margins. However, as a counter to these strengths, TheStreet Ratings also finds weaknesses including generally higher debt management risk, disappointing return on equity and a decline in the stock price during the past year.

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

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